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MARKET RECAP – JUNE 13, 2023

Written By: Jenny Galeano Gamboa

June 13, 2023

STOCK MARKET

Dow Jones ended at $34,212.12 (+0.43%)

S&P 500 ended at $4,369.01 (+0.69%)

Nasdaq Composite ended at $13,573.32 (+0.83%)

The stock market experienced gains for a second day in a row as inflation slowed down in May, increasing hopes among investors that the Federal Reserve may not raise interest rates. As a result the Nasdaq Composite, the S&P 500 and the Dow Jones Industrial Average increased, with the Nasdaq Composite leading the upward trend.

CRYPTO MARKET

Bitcoin rose by 0.24% with a value of $25,886.75 as of 3:00 PM CST, as stated by Coin Metrics.

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